MySpace to Start Record Label

In a recent New York Times article, MySpace founders Tom Anderson and Chris DeWolfe announced that they’ll be branching out beyond their website to start up their own record label “in partnership with a major label.” This comes just as Hollywood Undead, a band that quickly gained a huge following through their MySpace page, begins negotiations with major record labels.http://www.nytimes.com/2005/08/28/fashion/sundaystyles/28MYSPACE.html